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Qatar First Investment Bank (QFIB), the leading independent Islamic investment bank, will support the forthcoming annual International Arab Banking Summit hosted by the Union of Arab Banks as a Platinum sponsor.
This year’s summit is hosted by the Union of Arab Banks in association with Associazione Bancaria Italian in Rome, Italy on the 23rd – 24th of June. This year’s Summit is entitled “The Future of MENA: Impact on the Global Economy” and will provide a platform for ministers, governors of central banks, leading bankers, decision-makers and representatives of public and private sectors from various continents to meet and discuss issues of concern to the international banking community and the global economy.
The Rome Summit’s main objective is to showcase the impact of the current political uprisings on the EU-MENA relations and the broader Global economy, the importance of developing SME’s in addition to the developmental initiative resembled by the ‘Mediterranean Partnership Fund’ and the growth of Islamic Banking and finance and investment opportunities in the EU markets.
Each year the Union of Arab Banks nominates a key figure in the Arab financial industry as a recipient of the “Banker of the Year Award”. This year’s award will be presented to Sh. Abdullah Bin Saud Al Thani, Governor of Qatar Central Bank in recognition for his ongoing contribution to the development of the Arab Banking industry.
“We congratulate Sh. Abdullah Bin Saud Al Thani, Governor of Qatar Central Bank on his nomination for the “Banker of the Year Award” for 2011. This is a clear testimony to His Excellency’s dedication in promoting regulatory excellence in the financial industry in accordance to international best practices” said Emad Mansour, Chief Executive Officer of QFIB. “Sponsoring this summit reaffirms QFIB’s commitment to cooperate with other Qatari Financial institution to support the growth of the Arab banking industry in general and Islamic finance in particular” he continued.
The Summit is supported by the Ministry of Foreign Affairs of Italy, and it’s held with the collaboration of World Bank, the European Banking Federation and the World Union of Arab Bankers. Delegations from the Federal Reserve System Board, the European Banking Federation, Central Bank of Italy as well as the Basel Committee on Banking Supervision will participate in this year’s summit.
Through its plenary panel discussions, the IABS will focus on shaping some ideas, amidst the recent developments, about new areas of partnering which could put the Arab and international economies, businesses, and financial institutions on the right track towards sustainable growth and prosperity.